Silicon Laboratories' (SLAB) Hold Rating Reaffirmed at Benchmark

Silicon Laboratories (NASDAQ:SLAB - Get Free Report)'s stock had its "hold" rating reissued by analysts at Benchmark in a research report issued on Thursday, Benzinga reports.

Several other research analysts also recently weighed in on SLAB. Stifel Nicolaus increased their price target on shares of Silicon Laboratories from $136.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. lifted their target price on Silicon Laboratories from $145.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Barclays lifted their price target on shares of Silicon Laboratories from $120.00 to $140.00 and gave the company an "equal weight" rating in a report on Thursday, February 8th. Needham & Company LLC raised shares of Silicon Laboratories from a "hold" rating to a "buy" rating and set a $150.00 price objective for the company in a research note on Thursday. Finally, Summit Insights cut Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $135.00.

Silicon Laboratories Price Performance

Shares of SLAB traded up $4.67 during trading hours on Thursday, hitting $118.93. The stock had a trading volume of 645,995 shares, compared to its average volume of 327,570. The firm has a market capitalization of $3.79 billion, a PE ratio of -105.25 and a beta of 1.27. Silicon Laboratories has a 12 month low of $74.56 and a 12 month high of $166.94. The stock has a fifty day moving average price of $134.38 and a 200 day moving average price of $122.12.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.29) by ($0.05). Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. The firm had revenue of $106.38 million for the quarter, compared to the consensus estimate of $104.45 million. As a group, analysts anticipate that Silicon Laboratories will post -1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC raised its holdings in Silicon Laboratories by 31.7% in the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company's stock worth $58,000 after purchasing an additional 122 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Silicon Laboratories during the 3rd quarter worth approximately $380,000. Raymond James & Associates raised its stake in shares of Silicon Laboratories by 14.2% during the 3rd quarter. Raymond James & Associates now owns 79,046 shares of the semiconductor company's stock worth $9,161,000 after acquiring an additional 9,845 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Silicon Laboratories by 20.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company's stock valued at $85,000 after purchasing an additional 122 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Silicon Laboratories by 6.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,372 shares of the semiconductor company's stock worth $738,000 after purchasing an additional 403 shares in the last quarter.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.